Moody's assigns Ba2 to Starwood loan

Moody's Investors Service said it assigned a Ba2 rating to the new senior secured sustainability term loan B issued by Starwood Property Mortgage, LLC, a subsidiary of Starwood Property Trust, Inc.

Starwood's Ba2 corporate family rating and Ba3 senior unsecured rating were unaffected by Starwood Property Mortgage, LLC's new debt issuance, the agency said.

Starwood intends to use the proceeds to pay down a portion of its secured repurchase facilities.

The company's outlook is stable.

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